Ritesh Shingote pfp

Ritesh Shingote

@ritesh10

79 Following
48 Followers
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
💸 Bitcoin continues to lead in investment attractiveness in 2024, even after a "seasonally weak" third quarter, according to NYDIG. Since the beginning of the year, the leading cryptocurrency has grown by 49.2%, outpacing traditional assets. "While Bitcoin's correlation with stocks has increased, recent figures are still low. This means that digital gold offers significant diversification benefits for multi-asset portfolios," the company's analysts noted. NYDIG expects significant activity after November 5, especially if Trump wins the election.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
Ho
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
🗓 Uptober is still on CryptoQuant analysts reminded that over the past 6.5 months, the maximum average Bitcoin drop was 10% (excluding August, when the price fell by 22%). 🔽The current drop is 7%. "Just because Uptober started off poorly doesn’t mean it will end the same way." Additionally, growth traditionally begins in the second half of the month—starting from the 19th.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
✔️ Buterin proposed lowering the minimum staking deposit to 16 or 24 ETH This is beneficial for staking accessibility and scalability. Later, the minimum deposit could be reduced to as low as 1 ETH.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
✔️ Buterin proposed lowering the minimum staking deposit to 16 or 24 ETH This is beneficial for staking accessibility and scalability. Later, the minimum deposit could be reduced to as low as 1 ETH.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
👀 Edward Snowden called the Solana blockchain overly centralized. According to the former CIA employee, Solana centralizes everything. And once a country starts interfering, control over the system will be easily taken away. Bitcoin, on the other hand, is designed with the assumption of a worst-case scenario. If developers don’t design their service to be decentralized at the protocol level, they will face the same situation as Telegram.
0 reply
0 recast
1 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
📉 Recently launched tokens DOGS, CATI, and HMSTR in the TON ecosystem have dropped by 40–50% over the past month.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
🔝 Top 5 Current Trends in the Crypto Market When building a portfolio, it's important to first develop a strategy for selecting cryptocurrencies. A good option is to follow current trends. Here’s what’s popular right now: 📌 AI is becoming a key element in blockchain, accelerating automation. In the future, AI could even trade on your behalf and generate profit. Keep in mind that this trend is filled with many empty projects that have simply added "AI" to their descriptions. 📌 RWA (tokenized assets) open up investment opportunities for the Web2 community and add liquidity to the market. BlackRock and JPMorgan are already involved in tokenization. Which blockchains they will choose to implement their plans is the question. 📌 DePin – networks that use blockchain to power real-world infrastructure, primarily challenging cloud giants like Amazon, Google, and Microsoft.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
🔝 Top 20 Promising Cryptocurrencies for Q4 2024 According to Grayscale ✔️Once every quarter, the Grayscale Research team analyzes hundreds of digital assets to assess the rebalancing of the company’s funds, and based on the results, they compile a list of the top 20 assets across various sectors of the crypto market. This top 20 represents a selection of assets that, according to the company, have high potential in the upcoming quarter. The analysts' approach takes into account a range of factors, including network growth and adoption, upcoming catalysts, resilience of fundamental metrics, token valuation, supply inflation, and potential risks.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
🕯 "Grayscale has released an updated top 20 list of coins with the greatest potential as part of their Q4 2024 analytical report. ✔️ Six new assets have been added to the list: Sui (SUI), Bittensor (TAO), Optimism (OP), Helium (HNT), Celo (CELO), UMA Protocol (UMA). In addition to these, the top also includes: BTC, ETH, SOL, TON, LINK, NEAR, UNI, STX, AAVE, AR, MKR, LDO, AKT, AERO."
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
🔗 PayPal has added the ability for business accounts to buy, store, and sell cryptocurrency directly from their accounts. ✔️ The company noted that corporate users are increasingly seeking the same opportunities to work with digital assets as retail customers.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
Gn
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
🥸 The Hamster Kombat team revealed new rules for the airdrop scheduled for September 26, causing frustration among active players. On the first day, users will only be able to claim 88.75% of the allocated HMSTR tokens. The remaining tokens will be reserved for 10 months, approximately until July 2025. In addition to the unexpected vesting, the developers prioritized referral leaders and large holders of in-game keys in the token distribution. Regular users, considering the pre-market price of HMSTR on OKX ($0.008), will receive between $10 and $60 for six months of daily engagement in the clicker game. Moreover, only 43% of Hamster Kombat Telegram game users qualified for the airdrop, while 2.3 million were banned for fraud.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
💸 Kai Sheffield, the head of Visa's crypto division, believes that the demand for non-dollar stablecoins will grow in the coming years. Dollars are great for cross-border transactions, but you need the ability to convert them quickly and efficiently. This gap should be filled by currency-based stablecoins. ✔️ Sheffield stated that 2024 has become something of a turning point, as some non-crypto companies started using stablecoins for payments to overseas freelancers and employees, particularly in countries with high inflation, such as Nigeria and Argentina.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
💸 Kai Sheffield, the head of Visa's crypto division, believes that the demand for non-dollar stablecoins will grow in the coming years. Dollars are great for cross-border transactions, but you need the ability to convert them quickly and efficiently. This gap should be filled by currency-based stablecoins. ✔️ Sheffield stated that 2024 has become something of a turning point, as some non-crypto companies started using stablecoins for payments to overseas freelancers and employees, particularly in countries with high inflation, such as Nigeria and Argentina.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
🆕 The publicly traded mining company Hut 8 has unveiled the next-generation ASIC miner, U3S21EXPH, developed in collaboration with Bitmain. The agreement between the parties includes the deployment of a new data center with a total capacity of 15 EH/s in the second quarter of 2025. The parties will also work on integrating AI into the data center operations. Technical specifications of the Antminer U3S21EXPH: ◽️860TH ◽️13J / TH ◽️Direct liquid chip cooling
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
💵 BNB Chain has announced a gasless payment solution for stablecoins USDT, USDC, and FDUSD. The development will be carried out in partnership with centralized exchanges. The initiative aims to simplify the use of stablecoins, allowing for faster integration into everyday life. 🔗 Bitget Wallet and SafePal have already integrated the gasless solution. The Binance Web3 wallet and Trust Wallet will follow suit soon.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
🦄 1inch launches cross-chain swaps The solution is based on previously introduced resolvers and allows for asset exchanges between networks. How does it work? ➡️ You initiate the swap. ➡️ The new Fusion+ tool locks assets in both networks. ➡️ The swap is completed. Fusion+ is currently in beta testing. Soon, Fusion+ will be available directly in the 1inch wallet.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
📊 The Bitcoin bull market could resume within the next 22 days, based on historical cycles and current data, according to WeRate co-founder Quinten François. 📈 In his observations, the average Bitcoin cycle begins approximately 170 days after the halving, with a peak forming 480 days later. As of September 15, it has been 147 days since the halving. 📉 CryptoQuant CEO Ki Young Ju highlighted $62,000, $55,000, and $43,000 as key levels for Bitcoin. These represent the average coin cost for various groups of investors and serve as important psychological and technical markers.
0 reply
0 recast
0 reaction
Ritesh Shingote pfp
Ritesh Shingote
@ritesh10
‼️ The North Korean hacker group Lazarus Group lost access to $4.96 million after two of their addresses were blacklisted by stablecoin issuers. The assets were discovered by renowned on-chain investigator ZachXBT During a months-long investigation, ZachXBT traced how the organization, linked to North Korean authorities, laundered more than $200 million in fiat and cryptocurrencies over a roughly three-year period. The funds were stolen in 25 exploits across various blockchains. 📌 The expert worked in collaboration with teams from Metamask, Binance, TRM Labs, and Five I's LLC. ✔️ As a result, companies behind stablecoins such as USDT (Tether), USDC (Circle), TUSD (Techteryx), and BUSD (Paxos) froze two of the hackers' wallets.
0 reply
0 recast
0 reaction